15Feb2012
Business-Savvy Project Management
24th PMINJ Regional Symposium

Pines Manor

Monday Symposium

Sunday Seminar:
Photos

Proceedings

Sunday Seminar May 2, 2010
Debits and Credits for Project Managers:
Fundamentals of Accounting and Related Business Cycles

PDP Information:
Program Number: C020-020510 
Program Title: "Debits and Credits for Project Managers: 
Fundamentals of Accounting and Related Business Cycles" 
PDUs: 4 
Category Type: 3 
Subject Areas 
Knowledge: 10 
Process: 6 
Application/Specific Interest Groups: 30 
Activity Sponsor: NJ/PMI Chapter

 
Anthony Reed, CPA, PMP
Abstract:
Have you ever found yourself leading a major project, but didn’t understand the accounting cycle behind it?  Businesses are in business to make money. A failure to understand the monetary flows and cycles may lead to major scope creep, project delays, and cost overruns. The financial transactions and cycles are the life blood of an organization. They move the money between the department and accounts right through to the financial statements.

This seminar is developed for project managers who have limited work experience in accounting or people who want a refresher. A good working knowledge of accounting is critical to successfully understanding, implementing, and maintaining business applications, such as

  • enterprise resource planning (ERP)
  • manufacturing & supply chain management (SCM)
  • human resources (HRIS) & payroll
  • customer resource management (CRM)
By understanding the dynamics between the money and business flows, you’ll be able to enhance your career by cultivating better working relationships with finance, audit, and accounting professionals.  You’ll learn how to “think accounting” while witnessing the physical flows of material, people, and services throughout an organization.

You’ll Learn

  • The language of accounting
  • Debits, credits, and all those “T” accounts
  • Four financial statements & their relationships
  • Internal controls
  • Sales and collection cycle
  • Payroll and personnel cycle
  • Acquisition and payment cycle
  • Inventory and warehouse cycle
  • Capital acquisition and repayment cycle


Bio
Mr. Reed is a CPA, PMP, and IT professional with twenty years in management and executive positions for various Fortune 500 companies and large consulting firms. The responsibilities included managing multi-million dollar departmental budgets and staffing blends of international, multi-generational, multi-cultural employees and consultants.

As an adjunct professor, he taught project management, accounting, income tax, business management, and information technology courses. He also developed and taught accounting classes to small business owners and consulting firms.  He’s been interviewed on radio and webcast programs and featured in the business, travel, and sports sections of major newspapers and publications across the country. This includes the Dallas Morning News, Runner’s World, Southern Living, Ebony, and the Journal of Accountancy. He holds two graduate degrees and two undergraduate degrees. He’s served on the Board of Directors for the Oracle Applications Users Group (OAUG), Ft. Worth’s Jubilee Theatre, the Dallas White Rock Marathon, and various local and international not-for-profit organizations.  He has spoken at national and international business conferences. He has four books and over 50 articles published. The articles have appeared in ComputerWorld, Datamation, Career Focus, and Runner’s World magazines. His book, entitled Finding the I in TEAM: Better Team Building Through Individual Building, focuses on building stronger team members.  He’s completed one hundred 26.2-mile marathons around the world and in thirty States. This included the fridge Antarctica, Kenya’s dangerous Lewa SafriCom, and China’s Great Wall Marathons. In completing marathons on all 7 continents, he made history by becoming the first Black in the world to accomplish this feat. Fewer than 225 people in the world had achieved this goal. (By comparison, over 2,500 people have reached Mt. Everest’s summit, including over 500 in one year.) Subsequently, his journeys were chronicled in his book, Running Shoes Are Cheaper Than Insulin: Marathon Adventures On All Seven Continents and he was featured in the May, 2009 edition of Ebony.



Agenda
Registration: 12:00
Start: 1:00
Break: 3:00
End: 5:00 (4 PDUs)

Event Code - C020-020510